$30 barrel oil?

[ExtraSlow]

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Alberta could come roaring back if we get both good provincial and federal election results.

this is good news, but we are a long way from roaring, even if we got Conservative wins in both elections.

[Xtrema]

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https://www.bloomberg.com/news/artic...premium-canada

And Line 3 just got approved as well. Good lord, finally a smidge of good news. Alberta could come roaring back if we get both good provincial and federal election results.

What good is a pipeline to US when a civil war is sure to come soon with all the US institutions being taken down one by one by POTUS.

Pipelines are good but we are still going to be on a rough ride with US out producing us and how much of the Keystone XL capacity is actually going to be taken up by US oil from Dakotas?

[killramos]

Civil war lol.

What are the democrats going to do? Autistically screech at all the armed republicans?

[ExtraSlow]

You are partly correct about pipeline capacity. Even with line three, KXL, it's mostly going to be taken up with existing production from already operating projects. Even adding in TMX isn't going to create a lot of "surplus" capacity that we'll need to fire up hundreds of rigs to fill.

The main result of the additional pipeline space will be lowered differentials, which means more cash at the wellhead for the producers, so thier financial health should be improved. That's good, but we will still be playing second fiddle to every other jurisdiction in the world in terms of investment attractiveness.

[jltabot]

https://biv.com/article/2019/04/snc-...n-project-feds

can anyone else confirm?

[Disoblige]

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https://biv.com/article/2019/04/snc-...n-project-feds

can anyone else confirm?

You serious?

[vengie]

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https://biv.com/article/2019/04/snc-...n-project-feds

can anyone else confirm?

Confirmed, April 1, 2019 deal..........

[jltabot]

GADDAMMIT. i knew i chose the wrong thread hahaha

[Xtrema]

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https://biv.com/article/2019/04/snc-...n-project-feds

can anyone else confirm?

lol

That's said, nothing will fast track it quicker other than having Quebec government has a stake in it.

[04Terminator]

What good is a pipeline to China, when they can get mad when we support the US, and just stop buying from us at a whim, like, uhm, Canola. We are better off selling to the US. Assholes.

[adam c]

Side note, gas in Toronto is cheaper than Alberta

[davidI]

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What good is a pipeline to China, when they can get mad when we support the US, and just stop buying from us at a whim, like, uhm, Canola. We are better off selling to the US. Assholes.

US production has exploded - in part because of all the investment they were able to obtain in place of Canada's energy sector. They don't really need our oil anymore. Canada has completely f*cked its economic opportunities from energy resource and we'll neve be able to obtain what we could have ith a competent government and electorate.

I suspect our economy and currency will suffer relative to most of OECD countries until we can start selling sweet water.

[spike98]

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Side note, gas in Toronto is cheaper than Alberta

It has been for almost a year now.

[Mitsu3000gt]

Oil now around $62 USD/bbl (~$83 CAD) Forward curve still backwardated though.

[Misterman]

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What good is a pipeline to China, when they can get mad when we support the US, and just stop buying from us at a whim, like, uhm, Canola. We are better off selling to the US. Assholes.

We are better off having a diversified customer base so we always have an outlet for our product, and some leverage for price negotiation.

[Tik-Tok]

Toma freaked out about us selling oil to the US, but now he only wants them as the sole buyer?

[Darkane]

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Oil now around $62 USD/bbl (~$83 CAD) Forward curve still backwardated though.

As of yesterday WCS was selling for over $53 USD.

Double meat is back baaaaaaabeeeeeeee

[HiTempguy1]

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As of yesterday WCS was selling for over $53 USD.

Double meat is back baaaaaaabeeeeeeee

Yea, but now the oil companies are shipping constrained regardless of if there is room.

And its really hard to run plants at partial capacity, shits meant to be run 80-100% all the time.

[04Terminator]

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Yea, but now the oil companies are shipping constrained regardless of if there is room.

And its really hard to run plants at partial capacity, shits meant to be run 80-100% all the time.

We are well within your tremendously accurate range. 3.66 million bpd including a current cut of 225,000 bpd.

Let me math is out for you. 3.66/(3.66+0.225)x100=94%

Our total production is near all time highs, and January over January last year was up 2.5%. If you plot historical Alberta production, you will notice a nearly exponential growth curve.

[HiTempguy1]

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We are well within your tremendously accurate range. 3.66 million bpd including a current cut of 225,000 bpd.

Let me math is out for you. 3.66/(3.66+0.225)x100=94%

Our total production is near all time highs, and January over January last year was up 2.5%. If you plot historical Alberta production, you will notice a nearly exponential growth curve.

Sigh. Oilsands mining plants took the brunt of the cuts you poor, liberal minded individual.

I understand that the concept of profit can be difficult for you socialists, but up to a certain point, the revenue brought in covers the cost of the business. It is the last barrels that earn the profit. Cut those, the business loses money.

Need a popup book to explain that in a more simplistic manner?